State Comptroller Thomas P. DiNapoli's Weekly News

  

Environmental Facilities Corp. Faces

Significant Funding Backlog for

Essential Water Infrastructure Projects

New York State’s Environmental Facilities Corporation has provided financing for over 2,000 essential local water infrastructure projects totaling more than $23.7 billion since 1990, but the estimated capital improvement needs for water and sewer projects far exceeds this amount, and tens of billions of dollars in local projects remain in the pipeline, according to a report by State Comptroller DiNapoli.

“The Environmental Facilities Corporation serves a critical role in financing improvements to New York’s water infrastructure,” Comptroller DiNapoli said. “New York has spent more on clean water and drinking water projects than any other State, but the resources needed to address aging infrastructure and related challenges remain significant. The State should build on its efforts to help communities access funding to ensure the success of these programs continues.”

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State Comptroller DiNapoli Commemorates the 26^th Anniversary of the Good Friday Agreement

The historic Good Friday agreement was an unprecedented step towards peace and established a newfound commitment to human rights and civil liberties for the people of Northern Ireland.

Special guest honorees: Helena Nolan, Consul General of Ireland, Michael J. Cusick, President & CEO, Staten Island Economic Development Corporation and John Samuelsen, TWU International President.

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Monday Is Earth Day

Earth Day focuses our attention on the need to protect our planet, foster a cleaner environment for future generations and be mindful of how we impact the world around us.

As trustee of the New York State Pension Fund, State Comptroller DiNapoli continues to push companies to adapt to the growing low carbon future, reduce greenhouse gas emissions, and adopt sustainable practices to protect their long term value. The global effort to address climate risk is simply smart business. Companies that don’t will be left behind.

Learn How the State Pension Fund is Leading the Way on Climate Investment

State Tax Collections Outperform Budget Division Projections for 2023-24

Tax collections for State Fiscal Year (SFY) 2023-24 totaled $106.4 billion, over $2 billion higher than forecast by the Division of the Budget (DOB) in the most recent financial plan, according to the March State Cash Report released by State Comptroller DiNapoli. Tax receipts also exceeded the projection in the Consensus Economic and Revenue Forecast Report, which estimated $1.35 billion in additional receipts above DOB estimates through the end of SFY 2024-25.

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Audits 

• New York City Department of Small Business Services – Selected Programs to Assist Businesses in New York City
• Department of Health – Medicaid Program – Oversight of Managed Long-Term Care Member Eligibility
• State Education Department (Preschool Special Education Audit Initiative) – Positive Beginnings, Inc. – Compliance With the Reimbursable Cost Manual
• Department of Environmental Conservation – Oversight and Enforcement of the Rechargeable Battery Law
• Department of Health – Medicaid Program – Improper Overlapping Medicaid and Essential Plan Enrollments
• State Education Department (Preschool Special Education Audit Initiative) – NYSARC, Inc. - Rockland County Chapter – Compliance With the Reimbursable Cost Manual
• Department of Health – Oversight of Registration, Licensing, and Inspection of Radioactive Materials Facilities and Radiation Equipment Facilities
• New York City Department for the Aging – Oversight of the Home Delivered Meals Program
• Homes and Community Renewal – Housing Trust Fund Corporation – Internal Controls and Maximization of Federal Funding for CDBG and HOME 
• Department of Labor – Overlap, Duplication, Gaps, and/or Fragmentation of Workforce Development Programs and Services
• New York City Department of Transportation – Oversight of Selected Aspects of Traffic Controls
• Division of Criminal Justice Services – Motor Vehicle Theft and Insurance Fraud Prevention Program

 

ALSO IN THE NEWS THIS WEEK

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• DiNapoli: Environmental Facilities Corp. faces significant funding backlog for essential water infrastructure projects
  
  
• Report: New York received more money from DC than it sent
  
  
• Audit: NYS fund to combat vehicle theft, auto insurance fraud poorly managed
  
  
• DiNapoli Hosts GFA Commemoration

Post of the Week

Tom DiNapoli @NYSComptroller